FA vs PRGS: Correlation
First Advantage Corporation (FA) and Progress Software Corporation (PRGS) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FA and PRGS?
Across a 3-year window, the weekly returns of FA and PRGS correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.38, with an annualized covariance of 758.0 %².
By 3-year correlation, PRGS places #9 of the 16 assets tracked against FA. Their recent paths diverged sharply: over the last 12 months FA outperformed by 30.5 percentage points (+27.0% for FA against -3.5% for PRGS).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FA vs PRGS: side by side
| FA (First Advantage Corporation) | PRGS (Progress Software Corporation) | |
|---|---|---|
| 1-year return | +27.0% | -3.5% |
| 5-year return | +6.1% | +1.2% |
| Volatility (ann.) | 45.8% | 38.3% |
| Beta vs S&P 500 | 1.18 | 0.62 |
| Max drawdown (3Y) | -55.9% | -64.1% |
| Market cap | $3.6B | $1.9B |
| P/E (trailing) | 139.5 | 22.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FA | PRGS |
|---|---|---|
| 2022 | -31.7% | +6.0% |
| 2023 | +41.5% | +8.9% |
| 2024 | +13.0% | +21.2% |
| 2025 | -22.4% | -34.1% |
| 2026 | +44.0% | +5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FA and PRGS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FA and PRGS?
As of 2026-08-27, the correlation of weekly returns between FA and PRGS is 0.43 over 3 years, 0.57 over 1 year and 0.38 over 5 years.
Is PRGS a good diversifier for FA?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fa-vs-prgs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fa-vs-prgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FA correlations · PRGS correlations
